Parkland Current Valuation vs. Gross Profit
| PKIUF Stock | USD 26.13 0.37 1.44% |
For Parkland profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Parkland to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Parkland utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Parkland's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Parkland over time as well as its relative position and ranking within its peers.
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Parkland Gross Profit vs. Current Valuation Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Parkland's current stock value. Our valuation model uses many indicators to compare Parkland value to that of its competitors to determine the firm's financial worth. Parkland is rated below average in current valuation category among its peers. It is rated below average in gross profit category among its peers fabricating about 0.34 of Gross Profit per Current Valuation. The ratio of Current Valuation to Gross Profit for Parkland is roughly 2.98 . The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Parkland's earnings, one of the primary drivers of an investment's value.Parkland Current Valuation vs. Competition
Parkland is rated below average in current valuation category among its peers. After adjusting for long-term liabilities, total market size of Energy industry is at this time estimated at about 848.8 Billion. Parkland claims roughly 8.8 Billion in current valuation contributing just under 2% to equities under Energy industry.
Parkland Gross Profit vs. Current Valuation
Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.
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| = | 8.8 B |
Enterprise Value can be a useful tool to compare companies with different capital structures. Long term liability and current cash or cash equivalents can have a huge impact on market valuation of a given company.
Gross Profit is the most basic measure of business operational efficiency. It is simply the difference between sales revenue and the cost associated with making a product or providing a service. It is calculated before deducting administrative expenses, taxes, and interest payments.
Parkland |
| = | 2.96 B |
Gross Profit varies significantly from one sector to another and tells an investor how much money a business would have made if it didn't have to pay any overhead expenses such as salary, taxes, or rent.
Parkland Gross Profit Comparison
Parkland is currently under evaluation in gross profit category among its peers.
Parkland Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Parkland, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Parkland will eventually generate negative long term returns. The profitability progress is the general direction of Parkland's change in net profit over the period of time. It can combine multiple indicators of Parkland, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
Parkland Corporation operates food and convenience stores in Canada, the United States, the Caribbean region, and Central and South America. Parkland Corporation was founded in 1977 and is headquartered in Calgary, Canada. Parkland Inc operates under Oil Gas Refining Marketing classification in the United States and is traded on OTC Exchange.
Parkland Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Parkland. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Parkland position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Parkland's important profitability drivers and their relationship over time.
Use Parkland in pair-trading
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Parkland position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Parkland will appreciate offsetting losses from the drop in the long position's value.Parkland Pair Trading
Parkland Pair Trading Analysis
The ability to find closely correlated positions to Parkland could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Parkland when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Parkland - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Parkland to buy it.
The correlation of Parkland is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Parkland moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Parkland moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Parkland can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Use Investing Themes to Complement your Parkland position
In addition to having Parkland in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Construction Thematic Idea Now
Construction
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Construction theme has 61 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Construction Theme or any other thematic opportunities.
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Other Information on Investing in Parkland Pink Sheet
To fully project Parkland's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Parkland at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Parkland's income statement, its balance sheet, and the statement of cash flows.